SC residents struggling to pay rent, mortgage during pandemic can now apply for assistance
SC Stay has $25 million available to disperse to people in need. SC Stay has $25 million available to disperse to people in need. (Source: Pexels) By Laurel Mallory | February 19, 2021 at 9:45 AM EST - Updated February 19 at 10:37 AM
COLUMBIA, S.C. (WIS) - South Carolinians financially affected by the COVID-19 pandemic can now apply for help through a new program from SC Housing.
SC Stay has $25 million available to disperse to people struggling to pay their rent or mortgage due to the pandemic.
The application period for the new program is now open. To be eligible, one must meet the following conditions:
The number of homeowners who either began renovating their private home or improving its level of energy efficiency using state support surged last year to a total of 374, with the total sum of support issued for renovations by the state-run Kredex foundation amounting to €3.35 million.
Kredex will continue providing reconstruction grants for small residences this year as well, and applications are being accepted from March 1 with some €1.3 million to be made available for these projects this year.
Support was sought most frequently last year for the installation of heat pumps and new windows, as well as roof and facade insulation.
According to a program was proclaimed that enlarges due dates for mortgages and foreclosures for homeowners that are in terrible straits among the pandemic-hit American economy.
President Joe Biden has extended a ban on some foreclosures until the summer as millions of homeowners continue to struggle during the coronavirus pandemic. The moratorium on foreclosures for federally guaranteed mortgages means struggling homeowners have until June 30 to request a pause or reduction in their payments. It will also extend for six months the help already granted to homeowners .